RBI slaps Rs 5 crore penalty on Gujarat-based Mehsana Urban Co-operative Bank

The RBI, however, added that the penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the Mehsana-based bank with its customers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PL6sfX